A food-safety panel has approved applications from Indorama Ventures, Veolia, Coca-Cola Hellenic, NOVAPET and other plastic reclaimers to recycle PET in new food and drink packaging.
A recent report on plastic recycling rates from The Last Beach Clean Up and Beyond Plastics has attracted the attention of several large news outlets and the mainstream public, but industry leaders said the data is misleading and counter-productive.
PET recycling startup Loop Industries agreed to pay millions of dollars to settle a lawsuit from investors, and regulators have ended their investigation of PP recycling startup PureCycle Technologies without taking further action.
Pratt Industries may be primarily focused on recycling fiber into cardboard boxes, but with higher scrap plastics prices, the company also saw a business opportunity in boosting PET and HDPE bottle sorting.
This story has been corrected.
Numbers for 2021 show some big beverage brands were ahead of the game when it comes to complying with California’s recycled-content law, including BlueTriton Brands, Coca-Cola Co. and PepsiCo. Others remained far short of the targets set by the state.
A report from Independent Commodity Intelligence Services found that there’s not enough post-consumer resin in the U.S. market to meet California’s mandates, and there are more state mandates coming on-line soon.
Post-consumer HDPE and PP prices have been hot lately, and they’re likely to stay that way given consistently strong demand and relatively slow supply increases, according to one market expert.
Chasing its sustainability goals, global PET producer Indorama is going to spend $8 billion over the next eight years to help scale up chemically recycled and bio-based plastics.